Under the Clayton Act, horizontal mergers by stock acquisition were:
A) not considered.
B) illegal if they could be show to lessen competition.
C) illegal under any circumstances.
D) legal if they could be shown to lessen competition.

Question

Quizplus · Accepted Answer

According to the Clayton Act, horizontal mergers by stock acquisition were not automatically illegal, but they could be examined to determine if they would lessen competition. If it was found that the merger would significantly reduce competition, it would be declared illegal.

Under the Clayton Act, Horizontal Mergers by Stock Acquisition Were